On The Market

186: 4 Hot Housing Markets We’d Have a "Quick Flip" or "Long-Term Rental" With

Feb 5, 2024

Get ready to dive into the hottest housing markets for 2024! Join James, Kathy, and Kailyn as they discuss the potential of San Diego, the shift in short-term rentals, investment opportunities in Rochester, ads for a wealth builder's conference and landlord insurance, insights on Toledo's auto manufacturing town, and the importance of finding the right partner in investing.

33:38

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Quick takeaways

San Diego, California is a hot housing market for quick flips, but not suitable for long-term investments due to challenges like landlord and tenant laws and changing regulations for short-term rentals.

Rochester, New York offers a reasonably priced housing market with potential for long-term investments, providing stable cash flow and potential appreciation, but considerations should be made regarding its status as a college town and changing attitudes towards higher education.

Deep dives

San Diego, California: A High-Maintenance Market with Short-Term Potential

San Diego, California is described as a vibrant and adventurous market with a laid-back vibe and endless sunshine. However, it is considered high-maintenance and not suitable for a long-term investment. While the market has a low employment rate and attractive median rent, it comes with challenges such as landlord and tenant laws and changing regulations for short-term rentals. Investors may find short-term flipping opportunities and quick returns, but should be cautious about long-term commitments.

Introduction

2min

San Diego, California: A Hot and High Maintenance Market

3min

The San Diego Short-Term Rental Market

4min

Investing in Rochester, New York

11min

Real Estate Wealth Builder's Conference and Landlord Insurance

4min

Toledo: A Sleeper Market

9min

The Importance of Finding the Right Partner and Building a Life Together

2min

These hot housing markets could make any investor start to sweat. You’ve been longing for some cash flow connection, but your prayers have gone unanswered. You don’t know what you’re in the mood for—a quick flip or maybe something a bit more long-term. You’re hesitant to settle down with so many options around, but waiting won’t get you what you want. Worry not; we’ve brought the hottest housing markets to you this Valentine’s Day.

Enough with the promiscuous property puns. We’re breaking down Yahoo Finance’s list of the hottest housing markets for 2024, going over their top picks and telling you where we’d swipe right or left. If you’ve never had the chance to online date, now is your time to feel the digital thrill as James, Kathy, and senior producer Kailyn Bennett become your investing BFFs for the next half hour, showing you which property market has potential and which deserves nothing more than a quick flip.

Some of these markets may surprise you (they surprised us!) due to their underrated potential, but just because a housing market makes the top lists DOESN’T mean it’s the right market for you. So, which areas would we love to settle down with? Stick around; you’re about to find love, listings, and leases in these markets!

In This Episode We Cover:

Four of the hottest housing markets in 2024 that we’d flip houses or long-term invest in

The high-priced coastal market that we love…but wouldn’t buy rentals in

A snowy northeast market that has low prices and big rent-by-the-room potential

A sleeper city with a big price tag but solid investing benefits

The not-so-sexy market that made the number-one spot and surprised us all

Unemployment rates, home prices, average rents, and top metrics you MUST check before investing

And So Much More!

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